Prof. Emmanuel Tumusiime-Mutebile, the BoU Governor The Bank of Uganda has spoken out on recent media debates and discussions on issues related to the regulation and supervision of financial institutions and what amounts to conduct of financial institutions business in Uganda. In a statement dated Wednesday, October 14, 2020, Prof.
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John R. Musinguzi, the URA Commissioner General addressing the press today Uganda Revenue Authority (URA) recorded Shs4.07 trillion net revenue collections in the first quarter of 2020/2021 (July to September 2020) against a target of Shs2.99 trillion, thus representing a performing of 135.69%. This was disclosed by John R. Musinguzi,
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From Left to Right: Dr. Justus Kwetegeka, Dean Kyambogo, Hon. Bagirre Vicent Waiswa, Permanent Secretary Ministry of ICT and National Guidance, Prof John Chresestom Maviri, VC Uganda Martrys Nkozi University and Mr. Gaofei, Huawei MD with a demo of the donated equipment Huawei, a leading ICT global solutions provider has
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While mobile subscriptions dropped by 11%, internet subscriptions registered subdued growth, leaving mobile money as the standout performer, according to the latest market performance report that highlights the effects of COVID-19 on the ICT sector. The Uganda Communications Commission (UCC) report indicates that mobile subscriptions dropped from 28.4 million at
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President Yoweri Museveni and some key Government officials pose for a group photo on Saturday at State House, Entebbe. This was after meeting a team from Umeme, led by Chairman Patrick Bitature and MD Selestino Babungi President Yoweri Museveni and some key Government officials on Saturday met with a team
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Women in Uganda use the internet far less than men according to a new survey from the World Wide Web Foundation which found that 27% of men in the country are online, compared with just 19% of women. Uganda had by far the largest gender gap in internet access among
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East African partner states are losing out billions of dollars by inadequately investing in adding value to horticulture and leather goods produced in the region and not addressing bottlenecks derailing growth in the sectors. This follows findings from a report launched by the East African Business Council (EABC) in collaboration
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Allan Atuhairwe, the Head of Trade & Working Capital at Absa Bank Uganda The COVID-19 pandemic has adversely hit economies world over. In Uganda, traders both importers and exporters are one of the key players in the economy that have been impacted most following the COVID-19 induced lockdown announced in
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It was choppy trading for the local currency during the week, with no clear established trend. In the early sessions, the shilling held up supported by portfolio flows targeting the government securities market, but later lost steam and weakened as demand rebounded. On the counters the shilling traded within a
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The Uganda National Bureau of Standards (UNBS) has released its annual performance report for Financial Year 2019/2020, revealing products that non-compliant to standards on the market. Delivering the report at Uganda Media Centre Monday morning, UNBS Executive Director, Dr. Ben Manyindo, said: “Cosmetics and body care products topped UNBS list
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